Billionaire George Soros lost nearly $1 billion after the stock market surged following Donald Trump's unexpected Nov. 8 election victory and is bearish on the US market.

Any crash in US market will also affect India market but right now there is no sign of US market crashing down. In the last week, Oracle was sued by U.S. over alleged discriminatory. This could affect the Indian IT companies in the short term.Indian market players are waiting for the Q3 results but in the current scenario that may not affect the market owing to the Demonetization blues. The market is expecting interesting news from the budget which is to be present on 1st February. In the current situation we do not expect the Nifty to breach below 8280-8250 even though the January 2017 F&O segment is expiring on coming Wednesday. The market will be closed on Thursday on account of Republic Day. In the coming week, the Indian market may remain in the trading range!

Investors may avoid the market as we expect the Nifty to shed some of its gain post budget. This week end (on Sunday, Jan 29th) we have the monthly investors meet and I request all the members to attend to it without fail.